Thanks for the amazing feedback on last week’s chart drop. It’ll become a weekly feature for members only. As a non-member, this is the last regular chart drop you’ll receive.
To mark the launch of this new feature, I’m offering an exceptional discount to become an EV member. If you sign-up before November 19th, via this link, you’ll join Exponential View as an annual member with a first-year discount of 27.18%. (The reason why is at the foot of this email.)
Hit the red button below to sign-up for the first year for this 27-ish% discount. A full-year will cost $87.38 instead of $120.
You’ve got until November 19th!
Would love to have you join,
Global stock markets at records highs
Despite the grotesque year of coronavirus, stocks have never performed as well. via Barry Ritholtz.
Yet reach new records of concentration
Only five stocks make up over 20% of the S&P 500 index. Are the rest along for the ride? via Jesse Felder
Global startup studio boom
Startup studios are growing in number. They appear to actually be able to create higher returning startups than traditional measures. (On average, but caution because most venture returns are made by a handful of total outperformers. So averages belie the power-law distribution.) via the GSSN
How advertising spend changed
How global ad spend changed since 1980. Print peaked in 2007, television in 2014. When I was at The Guardian in 1994, the group had already come to the conclusion that digital posed a significant threat.
Stream and chill
Streaming services have had a whopping few months.
My enemy’s enemy
Political sectarianism in Ameria is surging. Out-party hate has emerged as a more compelling force than in-party-love. And the two-sides really don’t seem to understand each other. “For example, Republicans estimate that 32% of Democrats are LGBT when in reality it is 6%; Democrats estimate that 38% of Republicans earn over $250,000 per year when in reality it is 2%.” From Finkel, et al in Science.
Renewables smash fossils
After years of rapid price improvements, renewables are now on average cheaper than fossil fuels according to Lazard Brothers. The tony bankers’ Levelized Cost of Energy Analysis is the benchmark go-to-price book (it also charts price declines over the years.)
Whither our sea ice?
“Current sea ice extent in the Arctic is roughly equal to the summertime lows during the 1980s – two months after the typical start to the freeze-up season. There’s never been this little sea ice this late in the year, for at least a thousand years.” via Eric Holthaus.
Carbon pricing around the world
Global carbon pricing regimes around the world from the State and Trends of Carbon Pricing, a WorldBank publication.
Who is getting which vaccine?
via The Economist
Comments are open for members only.
So why the discount of 27.18%? Well, the exponential function is written in the form y=e^x, where e is the mathematical constant with a value of 2.71828182845... It is a special function which gives the newsletter its name. It is also a special graph. The gradient at any point of the graph is the same as its y value. Or in calculus terms d/dx (e^x) = e^x.
I told you it was special. So take advantage now.